Analog Devices, Inc. (Nasdaq: ADI) and Alif Semiconductor have signed a definitive agreement under which ADI will acquire Alif in a $1.35 billion all-cash transaction, according to Jiemian News. Under the board-approved terms, ADI will pay Alif shareholders $1.35 billion in upfront cash consideration, subject to the final agreement, and may also pay up to $200 million in additional contingent consideration. The deal is expected to close by the end of 2026, subject to customary closing conditions and the expiry of the applicable waiting period under the amended Hart-Scott-Rodino Antitrust Improvements Act, including any extensions.